Pettyjohn Wood & White Inc. Sells 657 Shares of Honeywell International Inc. (NASDAQ:HON)

Pettyjohn Wood & White Inc. decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 36,195 shares of the conglomerate’s stock after selling 657 shares during the period. Honeywell International makes up about 1.5% of Pettyjohn Wood & White Inc.’s portfolio, making the stock its 19th biggest position. Pettyjohn Wood & White Inc.’s holdings in Honeywell International were worth $8,176,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Teachers Insurance & Annuity Association of America acquired a new stake in Honeywell International during the 3rd quarter worth approximately $25,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International during the third quarter valued at $29,000. Hoese & Co LLP acquired a new position in shares of Honeywell International during the fourth quarter worth $30,000. Financial Avengers Inc. grew its stake in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp raised its position in Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the sale, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HON shares. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Royal Bank of Canada dropped their price target on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. UBS Group restated a “buy” rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Wells Fargo & Company decreased their price target on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and an average target price of $248.71.

Honeywell International Stock Up 0.4 %

HON opened at $212.27 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The firm has a market capitalization of $137.96 billion, a P/E ratio of 24.37, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. The company has a fifty day moving average price of $218.88 and a 200-day moving average price of $215.61.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.13%. Honeywell International’s payout ratio is presently 51.89%.

Honeywell International Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.